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Energy production and supply, as well as sourcing and consumption, are becoming evermore important in a volatile world. In this book, attention is paid to prevalent energy issues from a finance perspective. The topics discussed cover markets, prices, regulations and firms. An international group of authors from both academia and energy practice provides in twelve chapters a state of the art of the energy markets in a finance environment. They do so by discussing the current knowledge and presenting empirical research in this quickly changing and developing field. This book is the first in a planned series on energy at a high scientific level organized by the Centre for Energy and Value Issues (CEVI).

Energy policy -- Europe. --- Energy policy -- Financial aspects. --- Nuclear power -- Finance. --- Energy policy --- Business & Economics --- Finance --- Industries --- Finance - General --- Power resources --- Energy policy. --- Energy and state. --- Macroeconomics. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Energy Policy, Economics and Management. --- Economics --- Energy and state --- State and energy --- Industrial policy --- Energy conservation --- Government policy --- Europa.

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Since the Asian crisis, ASEAN5 countries have expended considerable effort in trying to develop their domestic bond markets. Yet today these markets are not much larger, relative to GDP, than they were a decade before. How can we explain this? And does this mean that domestic markets have not, in fact, developed? The paper argues that bond market growth has been held back by a sharp fall in investment rates, which has left firms with little need for bond borrowing. Even so, markets have developed in other ways, to such an extent that substantial amounts of foreign portfolio investment have begun to flow into ASEAN5 bonds. These developments have important ramifications. With the investor base growing and infrastructure investment likely to rise, ASEAN5 bond markets could expand rapidly over the next decade, holding out the prospect that the region could finally achieve "twin engine" financial systems.

Bond market --- Bond markets --- Market, Bond --- Capital market --- Finance: General --- Investments: Bonds --- General Equilibrium and Disequilibrium: Financial Markets --- Financial Markets and the Macroeconomy --- Central Banks and Their Policies --- Financial Aspects of Economic Integration --- General Financial Markets: General (includes Measurement and Data) --- Finance --- Investment & securities --- Securities markets --- Emerging and frontier financial markets --- Bonds --- Corporate bonds --- Sovereign bonds --- Financial markets --- Financial institutions --- Financial services industry --- Malaysia

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The paper compares trends in financial integration within Asia with those in industrialized countries and other regional groups. Declines in cross-country dispersion in equity returns and interest rates suggest increased Asian integration, with the process interrupted by crises and global volatility. Cross-border equity and bond holdings have also increased, but Asian countries remain considerably more financially integrated with major countries outside the region than with those within the region. The paper also discusses whether potential benefits of regional financial integration, such as increased risk-sharing and stability of the investor base, have materialized.

Finance --- Regionalism --- Finance: General --- Financial Risk Management --- Investments: General --- Investments: Stocks --- Economic Integration --- Financial Aspects of Economic Integration --- General Financial Markets: General (includes Measurement and Data) --- International Financial Markets --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Financial Crises --- Investment & securities --- Economic & financial crises & disasters --- Stocks --- Financial crises --- Financial integration --- Stock markets --- Securities --- Financial institutions --- Financial markets --- International finance --- Stock exchanges --- Financial instruments --- Hong Kong Special Administrative Region, People's Republic of China

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The bulk of this volume deals with the four main aspects of risk management: market risk, credit risk, risk management - in macro-economy as well as within companies. It presents a number of approaches and case studies directed at applying risk management to diverse business environments. Included are traditional market and credit risk management models such as the Black-Scholes Option Pricing Model, the Vasicek Model, Factor models, CAPM models, GARCH models, KMV models and credit scoring models.

Financial crises. --- Financial risk management. --- Risk management -- Financial aspects. --- Financial risk management --- Economics --- Business --- Management --- Business & Economics --- Management Styles & Communication --- Management Theory --- Mathematical models --- Economics. --- Business. --- Mathematical models. --- Trade --- Economic theory --- Political economy --- Operations research. --- Decision making. --- Macroeconomics. --- Business and Management. --- Operation Research/Decision Theory. --- Macroeconomics/Monetary Economics//Financial Economics. --- Commerce --- Industrial management --- Social sciences --- Economic man --- Risk management --- Operations Research/Decision Theory. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Problem solving --- Decision making

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India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took place emphasising equity flows by certain kinds of foreign investors. This opening has had myriad interesting implications in terms of both microeconomics and macroeconomics. A dynamic process of change in the economy and in economic policy then came about, with a co-evolution between the system of capital controls, macroeconomic policy, and the internationalisation of firms including the emergence of Indian multinationals.Through this process, de facto openness has risen sharply. De facto openness has implied a loss of monetary policy autonomy when exchange rate pegging was attempted. The exchange rate regime has evolved towards greater flexibility.

Globalization --- Capital movements --- Monetary policy --- International business enterprises --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Balance of payments --- Foreign exchange --- International finance --- Economic aspects --- Exports and Imports --- Finance: General --- Foreign Exchange --- Economic Integration --- Multinational Firms --- International Business --- Current Account Adjustment --- Short-term Capital Movements --- Financial Aspects of Economic Integration --- International Financial Markets --- International Investment --- Long-term Capital Movements --- General Financial Markets: General (includes Measurement and Data) --- International economics --- Finance --- Currency --- Capital account --- Capital controls --- Foreign direct investment --- Exchange rate arrangements --- Stock markets --- Financial markets --- Investments, Foreign --- Stock exchanges --- India